New Hope Dairy Dividends and Buybacks
Dividend criteria checks 3/6
New Hope Dairy is a dividend paying company with a current yield of 1.22% that is well covered by earnings.
Key information
1.2%
Dividend yield
0.08%
Buyback Yield
| Total Shareholder Yield | 1.3% |
| Future Dividend Yield | 2.3% |
| Dividend Growth | 23.9% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | CN¥0.150 |
| Payout ratio | 25% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, 002946 has been paying a dividend for less than 10 years.
Growing Dividend: 002946's dividend payments have increased, but the company has only paid a dividend for 6 years.
Dividend Yield vs Market
| New Hope Dairy Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (002946) | 1.2% |
| Market Bottom 25% (CN) | 0.6% |
| Market Top 25% (CN) | 2.2% |
| Industry Average (Food) | 2.3% |
| Analyst forecast (002946) (up to 3 years) | 2.3% |
Notable Dividend: 002946's dividend (1.22%) is higher than the bottom 25% of dividend payers in the CN market (0.53%).
High Dividend: 002946's dividend (1.22%) is low compared to the top 25% of dividend payers in the CN market (2.08%).
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (24.6%), 002946's dividend payments are well covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its low cash payout ratio (21.3%), 002946's dividend payments are well covered by cash flows.